Go Back   NinjaTrader Support Forum > Application Technical Support > Automated Trading

Automated Trading Support for automated trading systems using NinjaScript. Support for our ATI (Automated Trading Interface) used to link an external application such as TradeStation and eSignal to NinjaTrader.

Thread Tools Display Modes
Old 04-10-2009, 12:28 PM   #1
Dean Elphin Smith
Junior Member
Join Date: Mar 2009
Posts: 2
Thanks: 0
Thanked 0 times in 0 posts
Default Best brokerages for minimal slippage?

[Repost from the Suggestions forum...this one may be more appropriate.]

Hello, can anyone please tell me which brokerages firm(s) give excellent execution/minimal slippage on market orders for stocks? (I'm new to the forums and apologize if this is a repeat, but searching on slippage and brokerages yielded only modest results.)

My colleague and I use NT connected to Interactive Brokers for our trade execution. Sometimes our slippage is zero and sometimes awful ($0.07 or more on a ~$15 stock with a minimum of 500K shares trading daily). I can believe that some instances are thin markets at the moment the trade is submitted, but this seems to happen daily (we do ~6 trades/day).

We expect that we can reduce this by trading in event lots of 100 shares, but that will probably only take us so far.

What brokerage firms are better? And related, has anyone found other ways to minimize slippage?

Thanks in advance,
Dean Elphin Smith is offline  
Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Which brokerages supported by NT have free forex data? clam61 Connecting 4 02-20-2011 07:48 PM
Brokerages w/ least slippage on market orders? Dean Elphin Smith Suggestions And Feedback 1 04-15-2009 10:21 PM
Amount of slippage to use? tjendra Strategy Development 3 03-25-2009 04:07 AM
Slippage problem inaamalvi General Programming 1 06-04-2008 11:45 AM
brokerages able to use NT HelloHello Automated Trading 1 10-23-2007 10:49 AM

All times are GMT -6. The time now is 12:20 PM.

FULL RISK DISCLOSURE: Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. View Full Risk Disclosure.

The NinjaTrader Support Forum is hosted and operated by NinjaTrader LLC (“NT”), a software development company which owns and supports the NinjaTrader trading platform. NT is an affiliated company to NinjaTrader Brokerage (“NTB”), which is an NFA registered introducing broker (NFA #0339976). The Support Forum is intended for information and educational purposes only and should not be viewed as a solicitation or recommendation of any product, service or trading strategy. No offer or solicitation to buy or sell securities, securities derivative or futures products of any kind, or any type of trading or investment advice, recommendation or strategy, is made, given, or in any manner endorsed by any NT affiliate and the information made available on this Web site is not an offer or solicitation of any kind. Developers who offer products or other trading software tools to be used with the NinjaTrader trading platform are independent persons or companies that are in no manner affiliated with NT or NTB. Please be aware that any performance information provided by a 3rd party developer should be considered hypothetical and must contain the required additional disclosures. Specific questions related to a brokerage account should be sent to your broker directly. The views and opinions expressed in this forum are those of the authors and do not necessarily reflect the official policy or position of NT or NTB.